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��14�314� E. "BC]RRDV�IER'S R1GHT TD REINSTATE" DELETED. Section �9 �s de�et�d. F. BDRR�]1111ER'S t]C�URAN�Y, Unless Lender and Bvr�-vwer otherw�se agree �n wr�ting, Sec�i�n C c�nc�rning Borrower's occupan�y of the Property is de(eted. �. ASSIGNMENT DF LEASES. Upon Lender's requ�st after �efault, Borrvwer shall assign to Lender all �eases of th� Praperty and all security d�pasits made �n c�nnection with leases flf the Property. Upon the assignment, Lender shal[ ha�� the �ight ta modify, extend or terminate the ex�sting leases and to execute new leas�s, in Lend�r�5 SD�� C�ISC�'f'.t1DCl. As used in this paragraph G, the ward rrlease" shall m�an "sub�ease" if the Security lnstrument is on a leasehofd. H. ASSIGNMENT DF RENTS; APPC]1NTMENT C]F RECEtVER; LEN!]ER fN P[]S�ESS�DN, Borrow�r abso�ute�y and uncanditiar�ally assigns and transfers t� Lender a�l th� �ents and re�enues �"Rents"� vf the Prope�ty, r�gard�ess of t❑ whom the Rents of the Property are paya��e. Borrower author�zes Lender or Lender`s agents tv cv��ect the Rents, and agr�es that each tenant of the Property sha�l pay ths F�ents tv Len�ler �r Lender's ag�nts. Howe�er, Borrvwer shall r�cei�e the Rents unti�: 4i� L�nder has g��en Barrower not�ce of default pursuant tv Sect�vn �� of th� Security �nstrument, and �ii� Lent�er has gi�en notice tv the tenant�s� that the R�nts a�e ta be paid to Lend�r or Lend�r`s agent. This assignment af Rsnts �onstitutes an abs��ute assignment and n�t an assignm�r�t f�r addit�ona� secur�ty on�y. !f Lende� �i�es notice of default t� Borrower: �� a�i R�nts rec�i�ed by Barrawer shali be he(d �ay Bvrrow�r as trustee far the benefit �f Lender �nly, to k�e app��e� ta the sums se�ured by the Secu�ity �nstrum�nt; �ii} Lender shall �e entitfed to cflllect and rec��e a�� of the R�nts of the Property; �i�i} Ba�rowe� agrees that each tenant of the Property sha�[ pay all Rents due an� unpaid to Lend�r ar L�nder's agents up�n Lender's written demand t� the tenant; 4i�} un��s appf�cable law �ra�ides otherwis�, a(f Rents cof�ected lay Lender or Lender's agents sha�� be applied first to the casts of taking cantrol af and managing the Praperty and cv��ecting the Rents, inc�udin�, but nvt �imited tv, attarney's fees, recei�er's fees, �remiums on recei�er's b�n�s, repa�r and maintenance c�sts, insurance prem�ums, taxes, assessments and vther cha�g�s an the P�-operty, and th�n ta the sums secured by the Security Instrument; ��} Lender, Lend�r's agents or any �udicia��y appointed recei�er shall be liable tv account fa� an�y thos� Rents actua[�y recei�ed; and t�i� Lende� shall be ent�tl�d t� ha�e a recei�er appoint�d to take possessivn �f and manage th� F'roperty and cv��ct the Rents and pr�fits deri�ed from the Prop�rty with�ut any show�ng as t❑ th� inadequa�y of the Property as �ecurity. �f the E�ents of th� Property a�e n�t suffic�ent tfl co�er the �osts af taking cantral af �nd managin� the P�vperty and of co��ecting the Rents any funds �x��nded by Lender f�r such purpases shall became ind�btedness of Borrower to Lend�r Secured by the Secu��ty I nstrument pursuant ta Se�t�on 9. E�v�rvwer represents and warrants that Borrower has not �xecuted any privr assi�nment vf the Rents and has not perfo�med, and w�[! nvt perfvrm, any act that w�uld pre��nt L�nder frvm exe�cis�ng its rights und�r th�s paragraph. Lender, or Lender's agents vr a judic�a��y appaint�� e�ei�er, shall not be r�quired t� enter upon, take contrc�� of or maintain the Property �efor� or aft�r gi�ing n�tice vf default tv Borrower. Howe�er, Lentier, vr Lender's agents �r a judicia��y appointed r�cei�er, may da so at any time when a defau�t accurs. Any app�icati�n �f R�nts sha�l n�t cure or wai�e any default �r in�alidate any �ther r�ght or remedy of L�nd��, This assignment of �ents of the P��perty s�all term�nate when a�� t�e sum� secured by the Secu�ity Instrument are paid in fu�l. I. �RflSS�DEFAULT PR�V�S��N. Bvrrower's defau�t or breach unde� any nate or agr�em�nt in which Lender has an ir�terest sha�[ be a breach under the Security �ns�rument and Lender may in�vke any af the remedies �ermitted by th� Se�urity lnstrument. IIli�1LT�STATE 'I- 4 FAN�ILY RIDEF� - Fannie MaelFreddi� Ntac UNIF INSTRUMENT . VMP��57R 4�8��} Page � of 3 I nitia� . ..._._�..� Fvrm 3�7� 'i l�'1 . ;